



Capital Goods | Small Cap
Kaynes Technology India Ltd demonstrates a compelling but dual-natured financial profile. On one hand, its financial health is marked by exceptional strengths. The company is in a phase of explosive growth, with revenue and profits expanding at a remarkable rate. This is complemented by an outstandingly strong solvency position, as it operates with very little debt, funding its expansion primarily through its own equity. Profitability is also a key highlight, with strong margins and returns. On the other hand, this aggressive growth, fueled by massive capital spending, creates significant challenges. The company's operational efficiency is a notable weakness; it is slow to convert inventory to sales and collect cash from customers. This ties up capital and indicates that its vast new assets are not yet generating sales at a high rate. The company's focus is entirely on reinvesting for the future, hence it does not pay dividends. The future outlook hinges on its ability to translate its massive investments into improved operational efficiency and sustained profitability.
Kaynes Technology India Ltd demonstrates a compelling but dual-natured financial profile. On one hand, its financial health is marked by exceptional strengths. The company is in a phase of explosive growth, with revenue and profits expanding at a remarkable rate. This is complemented by an outstandingly strong solvency position, as it operates with very little debt, funding its expansion primarily through its own equity. Profitability is also a key highlight, with strong margins and returns. On the other hand, this aggressive growth, fueled by massive capital spending, creates significant challenges. The company's operational efficiency is a notable weakness; it is slow to convert inventory to sales and collect cash from customers. This ties up capital and indicates that its vast new assets are not yet generating sales at a high rate. The company's focus is entirely on reinvesting for the future, hence it does not pay dividends. The future outlook hinges on its ability to translate its massive investments into improved operational efficiency and sustained profitability.
Overall Valuation Score
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P/E RATIO (TTM)
94.97
Industry Median
30.39
Small Cap Median
22.83
P/E RATIO
66.33
P/B RATIO
5.09
Industry Median
5.14
Small Cap Median
4.50
P/S RATIO
7.22
Industry Median
2.63
Small Cap Median
2.17
Others
PEG RATIO
0.63
EV/EBITDA RATIO
35.37
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹3600.5 as on Sep 1, 2026.
The company is in an exceptional and explosive growth phase. Revenue, profits, and earnings per share are all expanding at very high rates. This phenomenal growth is a major strength, supported by a massive increase in the company's asset base, which indicates significant investment in its future capacity. This trend highlights strong market demand and successful expansion strategies, positioning the company for continued market share gains. Sustaining such high growth rates will be a future challenge.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 68.1 | 59.49 | 60.3 | 50.8 | 33.21 |
| Operating Profit Growth Rate | 126.19 | 78.95 | 51.18 | 61.87 | 37.98 |
| Earnings Per Share (EPS) Growth | -34.52 | 81.28 | 75.2 | 59.83 | 18.41 |
| Asset Growth Rate | 48.45 | 127.97 | 130.25 | 42.14 | 48.55 |
| Net Income Growth Rate | 320 | 126.19 | 92.63 | 60.11 | 24.23 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Honeywell Automation India Ltd | 8.97 | 59.92 | Neutral | 606.00 | 593.79 | 525.00 |
| 2 | Kaynes Technology India Ltd | 7.54 | 66.33 | Overvalued | 574.00 | 37.91 | 364.00 |
| 3 | Premier Energies Ltd | 7.51 | 30.39 | Neutral | 2377.00 | 3.15 | 1510.00 |
| 4 | Syrma SGS Technology Ltd | 6.97 | 87.86 | Neutral | 545.00 | 15.21 | 346.00 |
| 5 | Apar Industries Ltd | 6.83 | 71.54 | Overvalued | 1876.00 | 242.42 | 977.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Quarterly Report⬤13th May 26
Audited Standalone Financial Results – Q4 & FY2026
BULLISH SENTIMENT
Kaynes Technology India Ltd. is a leading integrated electronics manufacturing services (EMS) provider in India. It offers concept-to-product solutions, including design, prototyping, manufacturing, and lifecycle support for a diverse range of industries like automotive, industrial, aerospace, defense, medical, and railways. The company is a key player in the growing Indian EMS sector, focusing on high-value and complex electronic products.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Kaynes Technology India Ltd's P/E ratio (TTM) is 94.97, compared to the industry median of 30.39 and large cap median of 22.83.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Kaynes Technology India Ltd's P/B ratio is 5.09, compared to the industry median of 5.14 and large cap median of 4.50.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Kaynes Technology India Ltd's P/S ratio is 7.22, compared to the industry median of 2.63 and large cap median of 2.17.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Kaynes Technology India Ltd's PEG ratio is 0.63.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Kaynes Technology India Ltd's EV/EBITDA ratio is 35.37.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Kaynes Technology India Ltd's ROE is 7.67%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Kaynes Technology India Ltd's ROA is 8.33%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Kaynes Technology India Ltd's ROCE is 13%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Kaynes Technology India Ltd's operating margin is 15.83%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Kaynes Technology India Ltd's net margin is 10.04%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Kaynes Technology India Ltd's current ratio is 2.56.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Kaynes Technology India Ltd's debt-to-equity ratio is 0.08.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Kaynes Technology India Ltd's interest coverage ratio is 5.31.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Kaynes Technology India Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Kaynes Technology India Ltd's EPS is 18.41.
(Source line: "Ratios as of 23 Oct 2026, based on last traded price of ₹3600.50. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1989
Headquarters: Mysore, Karnataka
Core Offerings: Electronic Manufacturing Services (EMS), Original Design Manufacturing (ODM), Product Engineering, Prototyping, Lifecycle Management
Stock Listing: NSE (KAYNES), BSE (543664)
Promoter: Ramesh Kunhikannan and Savitha Ramesh
Kaynes Technology India Limited was incorporated in 1989. The company commenced its operations in 1992, initially focusing on electronic manufacturing services. Over the early 2000s, it expanded its capabilities to include design and development. By 2008, Kaynes had established facilities for complex systems integration. The 2010s saw a strategic focus on diversifying into high-growth sectors such as automotive, aerospace, and defense. A significant milestone was achieved in November 2022 with its successful listing on both BSE and NSE, solidifying its position as a key integrated EMS provider in India, focusing on high-value, complex electronics.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Electronic Manufacturing Services (EMS) | 100% | N/A (company-wide EBITDA reported) |
Electronic Manufacturing Services (EMS): Provides end-to-end solutions including printed circuit board assembly (PCBA), box build, product design, prototyping, and system integration.
Diversified End-Use Industries: Caters to a wide range of sectors such as automotive, industrial, aerospace & defense, medical, railways, internet of things (IoT), and IT peripherals.
Original Design Manufacturing (ODM) Capabilities: Offers design-led manufacturing, developing innovative solutions for customers from concept to finished product, especially in smart metering, smart street lighting, and electric vehicle (EV) components.
Advanced Manufacturing Facilities: Operates multiple state-of-the-art manufacturing plants across India, equipped with advanced technology for high-quality production and testing.
Mr. Ramesh Kunhikannan: Chairman, Managing Director & CEO. He is the founder and has over three decades of experience in the electronics manufacturing industry, spearheading the company's growth and technological advancements. Mrs. Savitha Ramesh: Whole-time Director. Co-founder and instrumental in the company's operations and financial management.
Kaynes Circuits India Private Limited (formerly Visionary Techno Solutions Private Limited)
Kaynes Embedded Systems Private Limited
Kaynes Semicon Private Limited
Kaynes Oradel Private Limited
Initial Public Offering (IPO) in November 2022. Bonus Issue in September 2023 (1:2 ratio). Acquired majority stake in Mixie Technologies Private Limited (now Kaynes Circuits India Pvt Ltd) in 2023. Acquired the medical electronics business of SFO Technologies Pvt Ltd in March 2024.
The Kaynes Technology India Ltd share price today is ₹3600.50 on NSE (KAYNES), as of 23 Oct 2026.
As of 23 Oct 2026, Kaynes Technology India Ltd share price is ₹3600.50, with previous close ₹3600.50. Today's range is ₹3600.50 to ₹3600.50. The 52-week range is ₹2995 to ₹4538.60.
As of today, Kaynes Technology India Ltd's market cap is ₹26,175.63 crore (Large Cap).
Kaynes Technology India Ltd's current P/E ratio is 94.97, compared to the CONSUMER DURABLES sector average of 78.50.
Kaynes Technology India Ltd's current P/B ratio is 5.09.
Kaynes Technology India Ltd's current dividend yield is N/A. Last dividend of ₹2.50 per share was declared on 13-May-2024.
Kaynes Technology India Ltd's EPS (TTM) is ₹18.41.
Kaynes Technology India Ltd. is a leading integrated electronics manufacturing services (EMS) provider in India. It offers concept-to-product solutions, including design, prototyping, manufacturing, and lifecycle support for a diverse range of industries like automotive, industrial, aerospace, defense, medical, and railways. The company is a key player in the growing Indian EMS sector, focusing on high-value and complex electronic products.
Kaynes Technology India Ltd is promoted by Ramesh Kunhikannan and Savitha Ramesh, holding 53.46% as of 23 Oct 2026.
Kaynes Technology India Ltd is listed on NSE (KAYNES) and BSE (543664). Its next quarterly results are expected on July/August 2024 (Q1 FY25).